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Two third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs 400. Find the value of the consignment.​
  • a)
    1,20,000
  • b)
    15,000
  • c)
    12,000
  • d)
    20,000
Correct answer is option 'B'. Can you explain this answer?
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Given: Two-third of a consignment is sold at a profit of 5% and the remainder is sold at a loss of 2%. The total profit is Rs 400.

To find: The value of the consignment.

Let the value of the consignment be Rs x.

Profit earned on two-third of the consignment = (2/3)x * 5/100 = (10/300)x = (1/30)x

Loss incurred on one-third of the consignment = (1/3)x * 2/100 = (2/300)x = (1/150)x

Total profit = Rs 400

According to the question,

(1/30)x - (1/150)x = 400

Multiplying both sides by 150, we get

5x - x = 60,000

4x = 60,000

x = 15,000

Therefore, the value of the consignment is Rs 15,000.

Answer: Option B.
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Two third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs 400. Find the value of the consignment.​a)1,20,000b)15,000c)12,000d)20,000Correct answer is option 'B'. Can you explain this answer?
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